richest towns in connecticut

However, depending on the neighborhood, you can also find more affordable housing. Gov. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Theres no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Check them out: What are the oldest towns in Connecticut? The community is close-knit and safe, and while its not exactly the most buzzing of places, its calm serenity and lovely scenery are attractions in their own right. To see the other wealthy places that made this list, take a look below. Below is a list of the wealthiest towns in Connecticut. Less than an hour train ride from New York City, Greenwich gives the feel of a small town with all the amenities of the big city. Easton, CT Annual household income: $166,875, 13. What determines the overall wealth of a city? The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Is Connecticut still the richest state in the nation? Barely As the name implies, Southport is a port city that is situated on the coast. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. The seaside neighborhood is a part of the Town of Greenwich, nestled on the beautiful waterfront with homes on its private beaches and all of the quaint little shops and dining venues the heart could desire. With its quaint downtown, beautiful homes, and friendly people, its no wonder that Ridgefield was named one of the top 100 small towns in America by Money magazine! 14 Richest Towns in Connecticut (2022) | PropertyClub The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. The state is home to 91 of the US 100 most affluent zip codes. Westport residents live a good work-life balance with an average commute time of 44 minutes. Four Connecticut towns made the top 50 list (well, three. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. With an average household income of $236,892 per year, it is one of the richest towns in the state. Riverside also offers residents a quick commute into NYC. Old Greenwich is home to some of the wealthiest Connecticut residents. You can download the data here. Its also home to some of the most expensive homes in the state. Keep reading. Education Levels 1. This Is The Wealthiest Town In Connecticut The town has a population of about 10,278 (2020) people and has a median age of 42 years old. With a median household income of $1,471,700, this is no place for people on a shoestring budget. South Glastonbury, CT Annual household income: $135,596, 18. This is our tenth time ranking the richest cities in Connecticut. There are many factors that go into determining how rich or poor an area in Connecticut is, and the typical residents income can vary greatly from one place to another. Top 25 Wealthiest Zipcodes in Connecticut - Zipdatamaps.com The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. The village also includes a historic mill complex and dam. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. Although the town only has 6,754 residents, the median income per capita is $91,618, which is well above the average median income in the US. For example, those with families may, Read More The 20 Best Places to Live in OklahomaContinue, Austin, Texas is a thriving city that appeals to people from all walks of life. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. The largest city in Litchfield County, Torrington, grabs the number eight spot. It's also very well educated, with over half of its residents having a college degree. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Massachusetts is one of the most remarkable states in America. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. The 10 Richest Cities in Connecticut - Most Expensively What you might love just a little less is how excruciatingly expensive it is to live here although theres an (admittedly very small) selection of housing options on the reasonable end of the spectrum, there are enough hugely expensive properties to push the median home value to a whopping $1,355,800. If youre in the market for a decently sized family home, dont expect to get much change from $1,283,146 a staggering amount, even by Connecticuts standards. What are the most charming small towns in Connecticut? It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Located in Fairfield County, Weston has a population of 10,354. After Riverside and Greenwich, the next four richest towns are Darien ($599,920), New Canaan ($532,440), Old Greenwich ($530,250), and Rowayton ($422,210). Most of the residents have gainful employment with high-paying jobs. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. The 20 Worst Places to Live if you Have Arthritis in The U.S. Grace Duffield / Hearst Connecticut Media file photo Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Are you surprised by this list of the richest cities in Connecticut? This year we asked our panel of experts to give some extra love to those restaurants where amore is on Nathan Spotts/Lauren Kinkade / Contributed Photo, Tyler Sizemore / Hearst Connecticut Media, Photos courtesy of William Pitt Sotheby's International Realty, H John Voorhees III / Hearst Connecticut Media, 2023 Hearst Media Services Connecticut, LLC, Just Salad restaurant celebrating grand opening in Fairfield, CTs Beardsley Bart makes his annual Groundhog Day prediction, Penny's Diner closes its Fairfield location after 40 years, Ppin, Sarandon talk food, joy of Rice Krispies at live CT show, New soul food restaurant, Everybody Eatz, opens in Bridgeport, Fairfield fried chicken restaurant Lovebird closes, CT Girl Scouts try to publish climate book after DiCaprio tweet, 29 Markle Ct, an upscale new American restaurant, now open, Carl Anthony Trattoria in Monroe relocating after 25 years, Manna Toast in Westport announces closing by year's end. In fairness, the high prices arent unjustified. The 10 Richest People in Connecticut - Money Inc The richest town in Connecticut is Darien, with a median household income of $251,200. All of these towns are located not too far east of Greenwich . Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. Unexpectedly, after looking at the median income of residents, along with poverty levels and unemployment rates, we found that wealth is spread throughout the state. Most of the townspeople hold bachelors degrees or higher. Home prices in town are also high, ranging from $500,000 to $4,000,000. The 20 Best Places to Live with Low Humidity in the U.S. 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Darian will be the second wealthiest city in Connecticut in 2022. List of Connecticut locations by per capita income - Wikipedia Another one of the richest towns in Connecticut is Weston. The town has attracted the rich and famous . She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The 20 Richest Towns in Connecticut - moneyinc.com Connecticut is one of the wealthiest states in the US. Citizens of COS COB have an average commute time from home to work of 31.9 minutes, suggesting they dont need to travel far for work. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. View Map of 25 Poorest Zipcodes in Connecticut. If you can afford a mortgage, its the better way to go in Fairfield. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Living there isnt cheap, though. What is it like to live in Greenwich, CT? Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. Wilton steps it up a notch with an upper-class community that is home to a close-knit community, schools that offer prestigious educational opportunities for students, big homes, and safe streets. Like we said earlier, when we set out to identify the richest places in Connecticut, we werent sure what wed encounter, but it ended up being some of the best places to live in Connecticut. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. In fairness, you do get a lot of return for your investment. If you like close-knit communities with family-friendly vibes, well-respected schools, beautifully maintained parks, top-notch libraries, world-class restaurants, and a host of activities to get involved in (parades, festivals, pop up art exhibitions, shows the list goes on), then youre going to love New Canaan. The Population is 8,843 in this close-knit community. The median income in this city is $81,634. If you want to live in Darian, youd better start saving. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. Only 4% of the homes in the community are available for rent. Its safe, with a low crime rate. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. The states median household income is $79,043, which means that half of all households in the state earn above this amount and half earn below it. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. Old Greenwich Annual household income: $222,794, 2. Its also far below the national average rate of 3.9%. Most Expensively 2023. The next richest town in Connecticut is Ridgefield. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Safest Cities In Connecticut (Updated For 2021) - HomeSnacks America's millionaires are flocking to smaller cities. Take a look at However, it is true that overall, the Nutmeg State is richer than most. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Its also a great place for students who want to attend college because it has many colleges and universities nearby such as the University of Connecticut, Yale University, Quinnipiac University, and Sacred Heart University. As one of the Nutmeg state's oldest towns, it also represents one of the richest. The demographics data shows that 88.37% of the residents are white, with 83.9% of the public schools showing a student population that is 83.9% white with excellent test performance scores. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Most Dangerous Neighborhoods in Washington DC. Learn how your comment data is processed. We begin our exploration of the best places to live in Connecticut for 2022 with Shelton, a city of 41,162 located between Bridgeport and New Haven. The median household income at Cos Cob is $138,125. Rich people not your cup of tea? A CT bill would expand it fur, Is CT recycling going into the trash? Stamford is a city in Fairfield County with a population of 14,499. The average home value is $650,400. The Most Affluent, Richest, High-Income Places in the US The average home value is $1,561,200, with 84% of the residents owning their own homes. Home to over 136,309 people, Stamford is the richest city in Connecticut. 91.82% of the Population is white, with 87.8% white students in the public school system. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Andreas Halvorsen - Net Worth: $6.3 Billion Andreas Halvorsen is a Norwegian billionaire businessman whose net worth of $6.3 billion makes him the 6th richest person in Connecticut. Woodbridge, CT Annual household income: $205,541, 7. The 10 Wealthiest Neighborhoods in San Francisco, median household income of nearly $243,750, The 10 Wealthiest Cities In North Carolina, median household income in Wilton is $204,473, population of just over 20,249 (2020) people, median home value in Easton is over $772,758, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Georgia Based on Median Income, The 10 Wealthiest Cities in California Based on Median Income, The 10 Wealthiest Cities in Illinois Based on Median Income, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. What are the richest towns in Connecticut? A median income that sits at a mammoth $352,839. California was the most represented with 23 cities and towns making the list. When you learn that the average cost of a single-family home is $1,150,400 and the median income is $206,466, youll be left in no doubt. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. The 10 Most Expensive Places To Live In Connecticut For 2023 - HomeSnacks (and lowest paying jobs). After we collected the data for all 21 places with more than 9,000 people in Connecticut, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest. Some haulers caught, Arming guidance counselors? The unemployment and poverty rates are 7.9% and 8.5% respectively. New Cannan, CT Average household income: $200,203.00, 8. People love to enjoy life and share it with family, friends, and neighbors. It is an affluent community that has a population of 20,622 individuals, and the majority of its residents, 80.1%, have completed at least a bachelors degree. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. The small community has a population of 7,586 residents. The city is in Fairfield County, with Census Bureau statistics that list the racial majority as 89.61% white, with similar demographics in the public schools. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Fairfield County is very close to New York City. Connecticut has a large number of wealthy towns and cities with high incomes among its residents, but this does not mean that every resident of Connecticut lives in a wealthy area. However, test score performance in the public school system gets a poor ranking. The most charming small towns in Connecticut are perfect for a day trip or a new home. 78% of them have at least a bachelors degree. Download The Entire Connecticut Ranking Data. The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. Save my name, email, and website in this browser for the next time I comment. Get more stories delivered right to your email. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Its an Upper-Middle-Class town with a median household income of just under $141K. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. People who live and work in Easton have a slightly higher income level. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Its come a long way in the past 10 years since the last Census. The median home value is steep at $1,382,800 for 2022. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. The 10 Richest Cities in Connecticut - Money Inc Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Old Greenwich has a population of 6,962 and a median household income of $222,794. Read on to discover the 14 richest towns in Connecticut in 2022. Related: The 10 Wealthiest Neighborhoods in San Francisco. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. The average home value is $1,150,400. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Greenwich is another of the wealthiest towns in Connecticut. (Infographic), What are the Highest Paying Jobs in Connecticut? We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Residents enjoy a short train ride to New York City for shopping and entertainment, then return to the safety and comfort of this beautiful community. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Four of the top 20 are places in New York, including Brookville village. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Its a great place to raise kids, with top-rated schools and safe streets. Essex Village is a highly desirable community to live in for the affluent. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. The 24 to 44 age group earns an average of $230,278 per year, with the 45 to 64 group bringing in $242,039retired residents 65 plus an average of $131,261 per year for the last calculations in 2020. What is it like to live in Greenwich, CT. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Use Next and Previous buttons to navigate. We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Shelton, crowned the Richest City In Connecticut For 2023. The average renter pays $2,336 per month. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. Fairfield. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The unemployment rate is 8.0% and the poverty rate is 8.9%. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. Wilton, CT Annual household income: $193,292, 9. Redding, CT Annual household income: $140,995, 15. Connecticut is home to some of the wealthiest people in America. Old Greenwich enjoys a low crime rate and excellent public schools. Newtown Borough is being credited as the richest town in the state of Connecticut. The average home price in Ridgefield is $600,000, and it grants many benefits to its inhabitants: reduced crime rate, good schools, and an overall relaxed way of life. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. It has a great location, close to major highways and a short drive from New York City. Essex is another one of the richest towns in Connecticut. The city deserves its spot on the list as its well above the average US income. Its also home to the states only national historic site, Weir Farm. Love Connecticut? Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. The town is also home to many hedge fund managers, bankers, and lawyers. Weston Profile Page with Infographics. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Wealthiest Towns in CT Final - Suburbs 101. The climate is better for persons with allergies, asthma, and other respiratory conditions. Westport is one of the wealthiest towns in Connecticut. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. This Is The Richest Town In Connecticut | iHeart

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